Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Law Union & Rock Insurance Plc declares final dividend for FY 2018

Damilare Famuyiwa by Damilare Famuyiwa
May 10, 2019
in Business News, Company News
Law Union & Rock Insurance Plc declares final dividend for FY 2018

L-R; Chairman, Law Union and Rock Insurance, Mr. Remi Babalola and Managing Director/CEO, Mr. Joe Orimolade, at the 49th Annual General Meeting of the Company held at Muson Centre, Lagos, yesterday…… SUNDAY ADIGUN

Share on FacebookShare on TwitterShare on Linkedin

Law Union & Rock Insurance Plc has declared a final dividend of 0.02 kobo per 0.50k ordinary share, for the financial period ended Monday, December 31, 2018.

Come Wednesday, June 26, 2019, the dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, May 31, 2019. Only shareholders who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts will receive payment on the date above.

While the Register of Shareholders will be closed from Monday, June 3, 2019, to Friday, June 7, 2019, the qualification date has been fixed for Friday, May 31, 2019.

RelatedPosts

Northern Nigeria Flour Mills Plc declares dividend payment of N0.25 kobo to shareholders

Nigerian billionaires rake in N478 billion as dividends in 2021

Understanding Dividend: A dividend is a payment made by a company to its shareholders, usually as a distribution of profits. When a company earns a profit or surplus, it reinvests a portion of the profit in the business (retained earnings) whilst paying a portion as dividends to the shareholders.

Distribution to shareholders may be in cash (usually a deposit into a bank account) or the issuance of further shares, otherwise known as shares repurchase. But this is usually if the company has a dividend reinvestment plan.

News continues after this ad


In other words, a dividend is allocated as a fixed amount per share with shareholders receiving a dividend in proportion to their shareholding. For the joint-stock company, paying dividends is not an expense; rather, it is the division of after-tax profits among shareholders.

Q1 Financial results: Law Union & Rock Insurance Plc recorded a Gross premium income of N1.1 billion in the first quarter of 2019 as against N1 billion in the corresponding period of 2018.

The company’s profit before tax stood at N76.8 million in 2019 as against N132 million in 2018. Profit for the period stood at N65 million in 2019 as against 112 million in 2018.

News continues after this ad


About Law Union & Rock Insurance Plc: The company provides non-life insurance products in Nigeria.

Law Union & Rock Insurance Plc is currently trading N0.44 on the floor of the Nigerian Stock Exchange (NSE).

Related

Tags: dividendLaw Union & Rock Insurance Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • 5 important things to consider before buying a stock
    • FundQuest Marks 10th Anniversary With Digital Innovations
    • Lagos to increase waste evacuation charge by 50%, to prosecute residents without waste bin from October 1

    Follow us on social media:

    Recent News

    Foreign investors demand for Nigerian stocks increases to N38.98 billion, Nigerians reveal why they pick their favourite banking stocks

    5 important things to consider before buying a stock

    August 11, 2022
    FundQuest Marks 10th Anniversary With Digital Innovations

    FundQuest Marks 10th Anniversary With Digital Innovations

    August 11, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com